China January LLDPE futures fall by 1.2% on economy concerns

18 July 2012 10:32  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) futures dropped by 1.2% on 18 July as uncertainty over economic prospects weighed on market sentiment, said industry sources.

January 2013 LLDPE futures, the most actively traded contract on the Dalian Commodity Exchange (DCE), closed at yuan (CNY) 10,050/tonne ($1,578/tonne) on 18 July, down by CNY120/tonne from the settlement price of CNY10,170/tonne on 17 July.

Around 1.7 m tonnes of LLDPE – or 682,966 contracts for delivery in January – were traded on 18 July, according to DCE data.

($1 = CNY6.37)

By: Amy Yu

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